Business


Northern Rail Boss Faces Questions Over Travel Chaos Northern Rail Boss Faces Questions Over Travel Chaos
- June 05, 2018

Today Northern Rail launched an interim timetable which had 6% fewer services - meaning 165 daily trains have been removed - which they expect will be in place until the end of July. Which presumably means that Northern Rail will now switch to an emergency emergency timetable, while they try to sort out the emergency timetable. Unfortunately, however, some of the trains that hadn't been cancelled in advance ended up getting cancelled on the day instead. (more...)
Kairana effect? Rs 8,000 crore aid for sugar industry Kairana effect? Rs 8,000 crore aid for sugar industry
- June 05, 2018

The region is dominated by sugarcane farmers who have been protesting against the non-payment of dues by sugar mills. To be sure, a creation of buffer stock need not lead to the government buying sugar from the market, and might actually entail the government agreeing to bear a part of carrying cost of unsold inventories of sugar mills. (more...)
Oil climbs, but record USA crude output, higher OPEC supplies drag Oil climbs, but record USA crude output, higher OPEC supplies drag
- June 05, 2018

Brent crude futures added 25 cents, or 0.33 percent, to $75.53 a barrel by 0717 GMT, after settling down 2 per cent at $75.29 on Monday. Worldwide benchmark Brent was down $1.09 by 1040 GMT at $74.20 a barrel, its lowest since May 8. Global oil supply has tightened with the OPEC-led production cuts that began in early 2017. Despite signs of an impending rise in Opec production, "for the moment the output will remain low", ANZ bank said in a note on Tuesday. (more...)
Global airport capacity crisis amid passenger boom: IATA Global airport capacity crisis amid passenger boom: IATA
- June 05, 2018

The International Air Transport Association (IATA) on Monday castigated India for taxing international tickets, even as it asked governments to facilitate the growth of worldwide connectivity by avoiding creeping re-regulation, maintaining the integrity of global standards and addressing a capacity crisis. (more...)
Rival bank ups offer for Virgin Money as deal edges closer Rival bank ups offer for Virgin Money as deal edges closer
- June 05, 2018

The new offer would give 1.2125 new CYBG shares for every Virgin share, also valuing the company at around £1.6bn, giving Virgin Money shareholders 38 per cent ownership of the combined group. It would be the UK's fifth largest bank with six million personal and business customers and a balance sheet of £70bn. CYBG has not quite gone all in to tempt Virgin Money into a merger, but the stakes have been raised. (more...)
Apple’s WWDC 2018: What to Watch For Apple’s WWDC 2018: What to Watch For
- June 05, 2018

IOS 12 is coming to all devices now running iOS 11 within the next week or so. The update will make devices faster and more responsive, with a particular focus on improving performance for the oldest devices supported, he added. Skin tone, hairstyle, outfits, accessories, and more can all be switched up from your phone. But I wouldn't recommend doing that in public. It will also add new features to help users clean up desktops, preview photos , alter screenshots and an app to ... (more...)
United Kingdom government to sell 7.7% stake in RBS worth nearly £2.6bn United Kingdom government to sell 7.7% stake in RBS worth nearly £2.6bn
- June 05, 2018

The disposal will take place this week in a process managed by investment banks Morgan Stanley, Citigroup, Goldman Sachs and JPMorgan, according to UK Government Investments, which manages taxpayers' RBS stake. Earlier this year, RBS reported a bottom-line profit for the first time in a decade. The British government has come to terms with the fact that it will never get the money back that was injected into RBS to stave off its collapse. (more...)
Petrol price cut by 13 paise per litre Petrol price cut by 13 paise per litre
- June 05, 2018

Drivers feeling the pinch of high petrol prices should use price cycle information and fuel price websites and apps to shop around, as petrol prices in some cities reached their highest levels in nearly four years in May. Petrol prices remain highest in Mumbai at Rs 85.65 per litre even after the drop of 12 paise as compared to Monday . Diesel price dipped 10 paise to Rs 73.33 per litre in the financial capital. (more...)
Sudbury no longer home to any of Ontario's 10 worst roads Sudbury no longer home to any of Ontario's 10 worst roads
- June 05, 2018

The home of the OHL's Colts is also home to the third worst road in Ontario, as Duckworth Street took the spot that was occupied by Lorne Street a year ago. The CAA says Burlington Street East has risen progressively higher up the top 10 list since it first appeared on the list in 2009. According to CAA, 75% of voters say that potholes on Burlington Street are to blame. (more...)
Lotus CEO Jean-Marc Gales abruptly quits Lotus CEO Jean-Marc Gales abruptly quits
- June 05, 2018

Gales on Monday revealed via a statement that he has left Lotus for "personal reasons", though we know he also has a new job lined up at classic vehicle retailer and restorer JD Classics. Feng) said: "I am honoured to have been appointed to lead this iconic British sports auto group". Gales joined Lotus in 2014, when the company was not at all in good health and being run on a shoestring budget. (more...)
Jaguar Land Rover To Develop Off-Road Autonomous-Driving System Jaguar Land Rover To Develop Off-Road Autonomous-Driving System
- June 05, 2018

Land Rover is celebrating its 70th anniversary this year, and its latest technology is taking the firm right back to its off-roading roots, although perhaps not in the way that you might expect - Jaguar Land Rover has revealed that it is working on new self-driving technology that will allow its cars to take themselves safely off-road. (more...)
India gets its cheapest ever LNG, as import from Russia’s Gazprom begins India gets its cheapest ever LNG, as import from Russia’s Gazprom begins
- June 05, 2018

India received on Monday its first liquefied natural gas (LNG) cargo from Russia under a long-term supply contract with Gazprom , in a move that Indian Oil Minister Dharmendra Pradhan described as a "historic milestone in India-Russia energy ties" that would diversify India's energy sources. (more...)
Koch-Financed Groups Launch Campaign to Halt U.S. Import Tariffs
- June 05, 2018

Last week's decision by the Trump's administration to place tariffs on imported steel and aluminium from key USA allies the European Union, Canada and Mexico apparently was the tipping point for the influential Koch network, which typically supports Republicans and conservative causes. (more...)
See the powerful documentary on racial bias Starbucks showed to its workers See the powerful documentary on racial bias Starbucks showed to its workers
- June 05, 2018

McGhee, together with Sherrilyn Ifill, president at NAACP Legal Defense and Educational Fund, have been in regular contact with company executives, advising Starbucks on its program. One of them asked to go to the bathroom but was denied access. They were arrested minutes after sitting down for an intended business meeting. That included the earlier, widely ridiculed attempt to start a national conversation on race relations by asking its employees to write "Race Together" on coffee cups. (more...)
Bayer to strip Monsanto of its name with acquisition this June Bayer to strip Monsanto of its name with acquisition this June
- June 05, 2018

According to Monsanto, it will continue to operate independently from Bayer for an interim period while Bayer ties up some loose ends, as might be expected when rebranding a $60 billion agri-chemical giant. Bayer chief executive Werner Baumann said, "We aim to deepen our dialogue with society". Agriculture is too important to allow ideological differences to bring progress to a standstill. (more...)
The Undertaker Named For WWE MSG Show The Undertaker Named For WWE MSG Show
- June 05, 2018

The Undertaker will return to the ring at the WWE live event in New York, New York at Madison Square Garden on July 7. When John Cena challenged The Undertaker to a match at WrestleMania 34, everyone knew his return was likely. (more...)
Global Markets in Turmoil as Italy Fails to Form New Government Global Markets in Turmoil as Italy Fails to Form New Government
- June 05, 2018

Safe-haven U.S. Treasury bonds and German bunds rallied, as did the Japanese yen, the U.S. dollar and gold by midday in the U.S. trading day. Still, the concerns add to a growing list that includes the strength of the global economy, North Korea and simmering trade tensions. (more...)
Starbucks chairman to step down at end of June Starbucks chairman to step down at end of June
- June 05, 2018

Schultz steps down. In recent years, he has repeatedly denied that he would make a move into politics, but he appeared to be more open to the idea of running for public office in an interview with CNN last week. 'For some time now, I have been deeply concerned about our country - the growing division at home and our standing in the world'. He has led the board since 1985 and was chief executive for much of that period. (more...)
30-Year-Old Leaves Parents' Home With Help From Alex Jones 30-Year-Old Leaves Parents' Home With Help From Alex Jones
- June 04, 2018

A video posted by Syracuse.com shows him getting ready to leave the home and talking to reporters. Michael Rotondo expressed relief Friday morning as he left his parents' home in Camillus (kuh-MIHL'-us), New York. As Michael attracted worldwide fame, another bloke, who's name is also Michael Rotondo, as well as 30-years-old and lives in upstate NY was getting a lot of attention on social media. (more...)
Chinese Agreements to Have No Binding Force, If US Imposes Tariffs - Beijing Chinese Agreements to Have No Binding Force, If US Imposes Tariffs - Beijing
- June 04, 2018

The Xinhua statement instead said that details of implementing the Washington consensus were subject to confirmation by both sides. At the meetings last week between lower-level Chinese and US officials, negotiations almost stalled as the two sides failed to reach an agreement on details for increasing Chinese purchases of USA crude oil, soybeans, natural gas, beef, and poultry. (more...)
Citigroup Boosts Lululemon Athletica (LULU) Price Target to $112.00 Citigroup Boosts Lululemon Athletica (LULU) Price Target to $112.00
- June 04, 2018

Moreover, Peoples has 0.01% invested in Lululemon Athletica Inc . J.P. Morgan maintained Lululemon Athletica Inc . (NASDAQ: LULU ). Cadence Cap Management accumulated 2,640 shares or 0.02% of the stock. The company reported the earnings of $1.33/Share in the last quarter where the estimated EPS by analysts was $1.27/share. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 47.18, a PEG ratio of 2.60 and a beta of 0.14. (more...)
Cracked windshield forces American Airlines flight to divert to El Paso Cracked windshield forces American Airlines flight to divert to El Paso
- June 04, 2018

An American Airlines plane diverted to El Paso Sunday due to a cracked windshield, the FAA said. 'The aircraft is now being evaluated by our maintenance team, ' American Airlines said in a statement. At one point the plane, which was bound for Phoenix, Arizona, dropped "like a rollercoaster". He said some passengers gasped and he had to let a passenger behind him use his sickness bag because the person already used their bag. (more...)
Google will let its AI contract with the Pentagon expire after backlash Google will let its AI contract with the Pentagon expire after backlash
- June 04, 2018

That's according to reports in Gizmodo , Buzzfeed , and The New York Times Friday. Google's senior leadership was enthusiastically supportive of Project Maven-especially because it would set Google Cloud on the path to win larger Pentagon contracts-but deeply concerned about how the company's involvement would be perceived. (more...)
2 winning LOTTO MAX tickets sold in Brampton 2 winning LOTTO MAX tickets sold in Brampton
- June 04, 2018

Many Ontarians are waking up winners this morning. One ticket sold in the Sault area won $1 million in a Maxmillions draw, Ontario Lottery and Gaming says. THE NATIONAL Lottery have confirmed that a total of €4,325,656 was won by a Lotto player in County Limerick. The win comes one day after a Lotto 6/49 ticket somewhere in the province won the $9.6 million jackpot on Wednesday. (more...)
9 dead after refugee boat sinks off Turkey: coastguard 9 dead after refugee boat sinks off Turkey: coastguard
- June 04, 2018

A survivor said the captain had abandoned the boat after it started sinking to escape arrest by the coast guard. The migrants' nationalities were not immediately released. The arrivals are at this point in 2018 less than half those seen previous year and less than 15 percent of those seen in 2016 at the same point. Matteo Salvini (C) has vowed to cut the number of migrant arrivals and speed up deportations. (more...)

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